KraneShares Wahed Alternative Income Index ETF (KWIN)

For informational purposes only. Not financial advice.

Quick Answer

KraneShares Wahed Alternative Income Index ETF (KWIN) has a last stored price of $25.89, as of the Oct 2, 2026 trading session. It has a 0.51% expense ratio and $46M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Intuitive Surgical Inc (ISRG) at 5.12%.

KraneShares Wahed Alternative Income Index ETF (KWIN) ETF — Price, Holdings & Analysis

ETF Overview

KWIN aims to mirror the Wahed Short-Term Alternative Income Index, focusing on Shariah-compliant investments. This means the fund adheres to Islamic finance principles, screening out companies involved in activities like alcohol, gambling, and interest-based lending. The ETF's strategy involves selecting equities that meet these ethical criteria while also offering potential for income. KWIN's top holdings reflect a focus on technology and consumer discretionary sectors, with significant allocations to companies like Intuitive Surgical Inc (5.12%), Lululemon Athletica Inc (4.88%), and Cadence Design Systems Inc (4.25%). The fund's country exposure is heavily weighted towards the United States (84.0%), with smaller allocations to Canada (4.7%) and other countries (11.3%). This ETF may appeal to investors seeking Shariah-compliant equity exposure with an alternative income focus.

Risk Metrics

KWIN carries several risks inherent to its investment strategy. The fund's concentration in its top holdings, such as Intuitive Surgical Inc and Lululemon Athletica Inc, means that the ETF's performance is closely tied to the success of these individual companies. A significant downturn in any of these holdings could negatively impact KWIN's overall returns. Furthermore, the fund's focus on specific sectors, like technology and consumer discretionary, exposes it to sector-specific risks. The expense ratio of 0.51% will also create a drag on performance over time, reducing net returns to investors. With a Beta (3Y) of 0.00, KWIN has demonstrated very low volatility relative to the broader market, but this may not persist in the future. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

0.51%

What does KWIN hold?

Holding	Weight
Intuitive Surgical Inc (ISRG)	5.12%
Lululemon Athletica Inc (LULU)	4.88%
Cadence Design Systems Inc (CDNS)	4.25%
Arista Networks Inc (ANET)	4.21%
Amazon.com Inc (AMZN)	4.18%
Fortinet Inc (FTNT)	4.16%
Synopsys Inc (SNPS)	4.04%
O'Reilly Automotive Inc (ORLY)	3.93%
Tesla Inc (TSLA)	3.92%
Fair Isaac Corp (FICO)	3.80%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

How Is the Fund Allocated?

Country	Weight
Other	11.3%
United States	84.0%
Canada	4.7%

Dividend Yield

0.00%

ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

KraneShares Artificial Intelligence & Technology ETF (AGIX) (Equity) — 0.99% expense ratio
Quadratic Deflation ETF (BNDD) (Equity) — 1.02% expense ratio
KraneShares European Carbon Allowance Strategy ETF (KEUA) (Equity) — 0.87% expense ratio
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) (Equity) — 0.59% expense ratio
KraneShares Emerging Markets Consumer Technology ETF (KEM) (Equity) — 0.80% expense ratio
KraneShares China Alpha Index ETF (KCAI) (Equity) — 0.79% expense ratio

Questions & Answers

What is KWIN and what does it track?

KWIN, or the KraneShares Wahed Alternative Income Index ETF, is an exchange-traded fund that aims to replicate the performance of the Wahed Short-Term Alternative Income Index.

The index is designed to track the performance of Shariah-compliant equities, meaning the fund adheres to Islamic finance principles by avoiding investments in companies involved in activities like alcohol, gambling, and interest-based lending.

What is the expense ratio for KWIN?

The expense ratio for KWIN is 0.51%. This means that for every $10,000 invested in the fund, $51 is used to cover the fund's operating expenses annually.

While this is a factor to consider, it's important to evaluate the ETF's overall performance and investment strategy in light of its costs. Investors should compare KWIN's expense ratio to similar ETFs in the equity category to determine its relative cost-effectiveness.

Is KWIN a good long-term investment?

Whether KWIN is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. KWIN offers exposure to Shariah-compliant equities, which may appeal to investors seeking socially responsible investments.

However, the fund's expense ratio of 0.51% will impact long-term returns.

How does KWIN compare to similar ETFs?

KWIN differentiates itself through its focus on Shariah-compliant equities, a niche within the broader equity ETF market. Compared to other equity ETFs, KWIN's expense ratio of 0.51% may be higher or lower depending on the specific category.

The fund's AUM of $0.05 billion is relatively small, which could impact liquidity and trading costs.

Does KWIN pay dividends?

As of 2026-03-15, KWIN's dividend yield is 0.00%. This indicates that the fund is not currently distributing any dividend income to its shareholders. Investors seeking current income may want to consider other ETFs with a higher dividend yield.

However, KWIN's focus is on alternative income and capital appreciation, rather than traditional dividend payouts.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

Written by machine, not reviewed page by page. Editorial oversight is systemic: the rules and the sources are checked, individual pages are not.